LITHIA MOTORS Reports 12.0% Increase in Total Revenue for Q2 FY 2023
July 29, 2023
☀️Earnings Overview
For its fiscal year 2023 second quarter, ending June 30 2023, LITHIA MOTORS ($NYSE:LAD) reported total revenue of USD 8111.5 million, an increase of 12.0% compared to the same period in the previous year. However, their net income saw a decrease of 10.3%, registering at USD 297.2 million.
Analysis
GoodWhale conducted an analysis of LITHIA MOTORS’s wellbeing and found that, according to their Risk Rating, it is a medium risk investment in terms of financial and business aspects. The analysis revealed two risk warnings in balance sheet and financial journal, which can be viewed by registering on goodwhale.com. The company is performing well financially, with a strong balance sheet and profitable performance. However, GoodWhale identified potential risks associated with the company’s financial health. In particular, the analysis found that the company is relatively more leveraged than its peers, which could indicate higher risk in its operations. As such, investors should conduct further research before investing in LITHIA MOTORS. GoodWhale’s analysis provides investors with a comprehensive assessment of the company’s financial wellbeing. By registering on goodwhale.com, individuals can access the full report and view the detected risk warnings with ease. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lithia Motors. More…
| Total Revenues | Net Income | Net Margin |
| 29.33k | 1.1k | 3.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lithia Motors. More…
| Operations | Investing | Financing |
| -645.7 | -1.55k | 2.3k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lithia Motors. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.68k | 11.88k | 197.52 |
Key Ratios Snapshot
Some of the financial key ratios for Lithia Motors are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.1% | 51.5% | 6.0% |
| FCF Margin | ROE | ROA |
| -3.1% | 20.2% | 6.2% |
Peers
Lithia Motors Inc, AutoNation Inc, Group 1 Automotive Inc, and Penske Automotive Group Inc are all leading automotive retailers. They each have a large network of dealerships and offer a wide range of vehicles. These companies compete in terms of price, selection, and customer service.
– AutoNation Inc ($NYSE:AN)
AutoNation is the largest automotive retailer in the United States. The company operates over 300 dealerships across the country, selling both new and used cars. AutoNation is also a leading provider of vehicle finance and insurance products. The company’s market cap is 5.47B as of 2022, and its ROE is 56.13%. AutoNation is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol AN.
– Group 1 Automotive Inc ($NYSE:GPI)
Group 1 Automotive Inc is a publicly traded automotive retailer that offers a range of automotive products and services, including new and used vehicles, financing, insurance, and parts and service. As of 2022, the company had a market capitalization of 2.53 billion and a return on equity of 32.9%. Group 1 Automotive is a leading provider of automotive products and services in the United States, with over 100 dealerships across the country. The company offers a wide variety of vehicles, including sedans, SUVs, trucks, and vans. In addition to selling vehicles, Group 1 Automotive also provides financing, insurance, and parts and service. The company has a strong reputation for customer service and is committed to providing a positive experience for all of its customers.
– Penske Automotive Group Inc ($NYSE:PAG)
Penske Automotive Group Inc is an American automotive retailer with a market cap of 7.28B as of 2022 and a ROE of 29.75%. The company operates in the United States, United Kingdom, and Australia. It sells and services vehicles through its dealerships.
Summary
Investing in LITHIA MOTORS is a good option for investors looking for growth. For the second quarter of its fiscal year 2023, ending June 30 2023, LITHIA MOTORS reported total revenue of USD 8111.5 million, an increase of 12.0% from the same period in 2023. The company also reported net income of USD 297.2 million, a decrease of 10.3% compared to the same period in the previous year.
Despite the decrease in net income, the stock price moved up the same day, suggesting that investors are taking a positive outlook and view the company as an attractive investment. With the solid revenue growth and potential upside, LITHIA MOTORS is an attractive option for investors.
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